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Book Chapter

North Sea – next life: extending the commercial life of producing North Sea fields

By
Jon Gluyas
Jon Gluyas
Durham Energy Institute, Durham University, Durham DH1 3LE, UK
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Simon Mathias
Simon Mathias
Durham Energy Institute, Durham University, Durham DH1 3LE, UK
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Salim Goudarzi
Salim Goudarzi
Durham Energy Institute, Durham University, Durham DH1 3LE, UK
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Published:
January 01, 2018

Abstract

In 2015, the North Sea petroleum province was 50 years old. The celebrations were short lived because oil prices and gas prices were in free fall. The demand from the UK market had outstripped demand back in 2005 and, 10 years on, falling production and increasing operating expenditure, when coupled with falling prices, had brought the North Sea to crisis point. Many fields became unprofitable and companies began to close down. In an effort to avert the developing crisis, this work examines what options exist for better utilizing the North Sea industry, be that monetizing co-produced fluids or using the pore space once occupied by petroleum for waste products such as carbon dioxide. We briefly examine: the possibility of utilizing heat from the co-produced fluids for power generation; extracting gases and ores from co-produced fluids; and evaluation of the role that carbon dioxide could play in enhanced oil and gas recovery, as well as its ultimate long-term storage in geological deep storage.

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Contents

Geological Society, London, Special Publications

Petroleum Geology of NW Europe: 50 Years of Learning – Proceedings of the 8th Petroleum Geology Conference

M. Bowman
M. Bowman
University of Manchester, UK
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B. Levell
B. Levell
University of Oxford, UK
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The Geological Society of London
Volume
8
ISBN electronic:
9781786203151
Publication date:
January 01, 2018

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